Reciprocating Engine Market By Rated Power (Below 2MW, 2-5MW, and Above 5MW), By Fuel Type (Dual Fuel, Diesel, Gas, and Others), By Application (Energy & Utility, Industrial, Landfill & Biogas, CHP, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 01-Mar-2021 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-5811 Status : Published

The reciprocating engine market is set for a rapid growth over the forecast period. In terms of revenue, the global Reciprocating Engine market accounted for USD 19.56 Billion in 2019 and is expected to reach USD 24.49 Billion by 2026, growing at a CAGR of 3.8% from 2020 to 2026.

Description

The reciprocating engine market is set for a rapid growth over the forecast period. In terms of revenue, the global Reciprocating Engine market accounted for USD 19.56 Billion in 2019 and is expected to reach USD 24.49 Billion by 2026, growing at a CAGR of 3.8% from 2020 to 2026.

Global Reciprocating Engine Market: Overview

Reciprocating engines are among the two types of combustion engines that convert the pressure and heat that is been released during the combustion of fuel to generate energy. They are also referred to as piston engines and are the most widely used and popular type of combustion engines in power plants. The reciprocating engine performs the job of intake, compression, ignition, or exhaust within a single cylinder. In addition to power plants, the mature technology of reciprocating engines is also used in the field of transportation and for several other purposes.

Global Reciprocating Engine Market: Growth Factors

The global reciprocating engine market is growing at a substantial rate. Rise in demand for Combined Heat and Power (CHP) from the industrial & commercial sector, growing need for stability from the grid operators, and increase in the use of co-generation technologies are the major factors that are driving the growth of the global reciprocating engine market. For several distributed generation applications as well as commercial, institutional, and industrial facilities for power generation, reciprocating engines are best suited. Some of the common applications for reciprocating engine CHP systems are water treatment facilities, hospitals, universities, multi-family dwellings, commercial buildings, and industrial facilities. In addition to this, high electrical efficiency, low-pressure gas fuel, quick start-up capabilities, better part-load efficiency, and great option for producing hot water are some of the benefits of the reciprocating engine. Due to its wide application and several benefits, reciprocating engines are in huge demand. This is propelling the growth of the market. Moreover, the increase in focus for combined cycle generation and growing automotive industries are also the factors that are contributing to the growth of the market. Furthermore, advancement in the technology for power generation may lead to several opportunities for the growth of the global reciprocating engine market over the forecast period. However, relatively high maintenance cost and the need to cool the engine when the heat is not been used are the factors that are restraining the growth of the global market.

The Covid-19 pandemic has severely hit the growth of the global reciprocating engine market. Restriction on movements, complete lockdown in cities across several countries, and social distancing rules enforced by the government resulted in disruption of the supply chain. The manufacturing units of the industries were closed temporarily. Thus, the electricity demand dropped down from the commercial and industrial sectors. In addition to this, the automotive sector is also been affected by the Covid-19 pandemic due to limitations on personnel movement and the unavailability of raw materials. However, the industrial and commercial sectors are changing their business strategies to overcome the long-term impact of the pandemic and thus, will support the growth of the global market in the forthcoming years.

Global Reciprocating Engine Market: Segmentation

The global reciprocating engine market is categorized based on rated power, fuel type, application, and region. Based on the rated power, the global reciprocating engine market is divided into below 2MW, 2-5MW, and above 5MW. Based on the fuel type, the global market is bifurcated into dual fuel, diesel, gas, and others. The application segment is fragmented into energy & utility, industrial, landfill & biogas, CHP, and others.

Global Reciprocating Engine Market: Regional Analysis

Regionally, Asia Pacific is anticipated to dominate the global reciprocating engine market during the forecast period. Factors such as growing economies, rise in the industrial sector, government initiatives, increase in commercial & residential projects with facilities for hot water, and growing incidences of natural disasters are contributing to the growth of the market in this region. On the other hand, North America and Europe are also expected to account for a significant share to the global market. In North America, the growth in the market is attributed to advanced technologies, growing demand for the reciprocating engine from grid operators for stability, and heavy investments in power generation plants. In Europe, supporting government policies for power generation, expanding use of the reciprocating engine in the automotive industry, and growing demand for electricity from the industrial sector are the factors that are boosting the growth of the market.

Global Reciprocating Engine Market: Competitive Players

The key players operating in the global reciprocating engine market are Kirloskar Oil Engines Limited, MTU Onsite Energy, Ashok Leyland, Mitsubishi Heavy Industries, Escorts Group, Kawasaki Heavy Industries Ltd., MAN Energy Solutions, Briggs & Stratton, John Deere, Siemens AG, and Wartsila.

The Global Reciprocating Engine market is segmented as follows:

By Rated Power

  • Below 2MW
  • 2-5MW
  • Above 5MW

By Fuel Type

  • Dual Fuel
  • Diesel
  • Gas
  • Others

By Application

  • Energy & Utility
  • Industrial
  • Landfill & Biogas
  • CHP
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodulogy
    • 2.1.Research Methodulogy
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Reciprocating Engine Market, 2016 – 2026 (USD Million)
    • 3.2.Global Reciprocating Engine Market: Snapshot
  • Chapter 4.Reciprocating Engine Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Reciprocating Engine
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technulogy Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Reciprocating Engine Market Attractiveness, By Rated Power
    • 5.2.Global Reciprocating Engine Market Attractiveness, By Fuel Type
    • 5.3.Global Reciprocating Engine Market Attractiveness, By Application
    • 5.4.Global Reciprocating Engine Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Reciprocating Engine Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Reciprocating Engine Market Overview: by Rated Power
      • 7.1.1.Global Reciprocating Engine Market Revenue Share, by Rated Power, 2019 & 2026
    • 7.2.Global Reciprocating Engine Market Analysis/Overview – By Rated Power
      • 7.2.1.Below 2MW – Overview/Analysis
      • 7.2.2.2-5MW – Overview/Analysis
      • 7.2.3.Above 5MW – Overview/Analysis
    • 7.3.Below 2MW
      • 7.3.1.Global Reciprocating Engine Market for Below 2MW, Revenue (USD Million) 2016 - 2026
    • 7.4.2-5MW
      • 7.4.1.Global Reciprocating Engine Market for 2-5MW, Revenue (USD Million) 2016 - 2026
    • 7.5.Above 5MW
      • 7.5.1.Global Reciprocating Engine Market for Above 5MW, Revenue (USD Million) 2016 - 2026
    • 8.1.Global Reciprocating Engine Market Overview: by Fuel Type
      • 8.1.1.Global Reciprocating Engine Market Revenue Share, by Fuel Type, 2019 & 2026
    • 8.2.Global Reciprocating Engine Market Analysis/Overview – By Fuel Type
      • 8.2.1.Dual Fuel – Overview/Analysis
      • 8.2.2.Diesel – Overview/Analysis
      • 8.2.3.Gas – Overview/Analysis
      • 8.2.4.Others – Overview/Analysis
    • 8.3.Dual Fuel
      • 8.3.1.Global Reciprocating Engine Market for Dual Fuel, Revenue (USD Million) 2016 - 2026
    • 8.4.Diesel
      • 8.4.1.Global Reciprocating Engine Market for Diesel, Revenue (USD Million) 2016 - 2026
    • 8.5.Gas
      • 8.5.1.Global Reciprocating Engine Market for Gas, Revenue (USD Million) 2016 - 2026
    • 8.6.Others
      • 8.6.1.Global Reciprocating Engine Market for Others, Revenue (USD Million) 2016 - 2026
    • 9.1.Global Reciprocating Engine Market Overview: by Application
      • 9.1.1.Global Reciprocating Engine Market Revenue Share, by Application, 2019 & 2026
    • 9.2.Global Reciprocating Engine Market Analysis/Overview – By Application
      • 9.2.1.Energy & Utility – Overview/Analysis
      • 9.2.2.Industrial – Overview/Analysis
      • 9.2.3.Landfill & Biogas – Overview/Analysis
      • 9.2.4.CHP – Overview/Analysis
      • 9.2.5.Others – Overview/Analysis
    • 9.3.Energy & Utility
      • 9.3.1.Global Reciprocating Engine Market for Energy & Utility, Revenue (USD Million) 2016 - 2026
    • 9.4.Industrial
      • 9.4.1.Global Reciprocating Engine Market for Industrial, Revenue (USD Million) 2016 - 2026
    • 9.5.Landfill & Biogas
      • 9.5.1.Global Reciprocating Engine Market for Landfill & Biogas, Revenue (USD Million) 2016 - 2026
    • 9.6.CHP
      • 9.6.1.Global Reciprocating Engine Market for CHP, Revenue (USD Million) 2016 - 2026
    • 9.7.Others
      • 9.7.1.Global Reciprocating Engine Market for Others, Revenue (USD Million) 2016 - 2026
  • Chapter 10.Reciprocating Engine Market – Regional Analysis
    • 10.1.Global Reciprocating Engine Market: Regional Overview
      • 10.1.1.Global Reciprocating Engine Market Revenue Share, by Region, 2019 & 2026
      • 10.1.2.Global Reciprocating Engine Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 10.2.North America
      • 10.2.1.North America Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
      • 10.2.2.North America Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.2.3.North America Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026
      • 10.2.4.North America Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026
      • 10.2.5.North America Reciprocating Engine Market Revenue, by Application, 2016 – 2026
      • 10.2.6. U.S.
      • 10.2.7.Canada
    • 10.3.Europe
      • 10.3.1.Europe Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
      • 10.3.2.Europe Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.3.3.Europe Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026
      • 10.3.4.Europe Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026
      • 10.3.5.Europe Reciprocating Engine Market Revenue, by Application, 2016 – 2026
      • 10.3.6.Germany
      • 10.3.7.France
      • 10.3.8. U.K.
      • 10.3.9.Italy
      • 10.3.10.Spain
      • 10.3.11.Rest of Europe
    • 10.4.Asia Pacific
      • 10.4.1.Asia Pacific Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
      • 10.4.2.Asia Pacific Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.4.3.Asia Pacific Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026
      • 10.4.4.Asia Pacific Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026
      • 10.4.5.Asia Pacific Reciprocating Engine Market Revenue, by Application, 2016 – 2026
      • 10.4.6.China
      • 10.4.7.Japan
      • 10.4.8.India
      • 10.4.9.South Korea
      • 10.4.10.South-East Asia
      • 10.4.11.Rest of Asia Pacific
    • 10.5.Latin America
      • 10.5.1.Latin America Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
      • 10.5.2.Latin America Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.5.3.Latin America Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026
      • 10.5.4.Latin America Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026
      • 10.5.5.Latin America Reciprocating Engine Market Revenue, by Application, 2016 – 2026
      • 10.5.6.Brazil
      • 10.5.7.Mexico
      • 10.5.8.Rest of Latin America
    • 10.6.The Middle-East and Africa
      • 10.6.1.The Middle-East and Africa Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
      • 10.6.2.The Middle-East and Africa Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.6.3.The Middle-East and Africa Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026
      • 10.6.4.The Middle-East and Africa Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026
      • 10.6.5.The Middle-East and Africa Reciprocating Engine Market Revenue, by Application, 2016 – 2026
      • 10.6.6.GCC Countries
      • 10.6.7.South Africa
      • 10.6.8.Rest of Middle-East Africa
  • Chapter 11.Company Profiles
    • 11.1.Kirloskar Oil Engines Limited
      • 11.1.1.Company Overview
      • 11.1.2.Financial Overview
      • 11.1.3.Product Portfulio
      • 11.1.4.Business Strategy
      • 11.1.5.Recent Developments
    • 11.2.MTU Onsite Energy
    • 11.3.Ashok Leyland
    • 11.4.Mitsubishi Heavy Industries
    • 11.5.Escorts Group
    • 11.6.Kawasaki Heavy Industries Ltd.
    • 11.7.MAN Energy Sulutions
    • 11.8.Briggs & Stratton
    • 11.9.John Deere
    • 11.1.Siemens AG
    • 11.11.Wartsila

Methodology


Frequently Asked Questions

The global reciprocating engine market was valued at USD 19.56 Billion in 2019.
The global reciprocating engine market is expected to reach USD 24.49 Billion by 2026, growing at a CAGR of 3.8% between 2020 to 2026.
Rise in demand for Combined Heat and Power (CHP) from the industrial & commercial sector, growing need for stability from the grid operators, and increase in the use of co-generation technologies are the major factors that are driving the growth of the global reciprocating engine market. For several distributed generation applications as well as commercial, institutional, and industrial facilities for power generation, reciprocating engines are best suited.

Regionally, Asia Pacific is anticipated to dominate the global reciprocating engine market during the forecast period. Factors such as growing economies, rise in the industrial sector, government initiatives, increase in commercial & residential projects with facilities for hot water, and growing incidences of natural disasters are contributing to the growth of the market in this region.

Some of the major companies operating in the global reciprocating engine market are Kirloskar Oil Engines Limited, MTU Onsite Energy, Ashok Leyland, Mitsubishi Heavy Industries, Escorts Group, Kawasaki Heavy Industries Ltd., MAN Energy Solutions, Briggs & Stratton, among others.
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